StoneCo Ltd. (NASDAQ:STNE) Stock Holdings Lifted by Verde Servicos Internacionais S.A.

Verde Servicos Internacionais S.A. lifted its holdings in shares of StoneCo Ltd. (NASDAQ:STNE) by 68.0% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 67,000 shares of the company’s stock after buying an additional 27,128 shares during the period. StoneCo accounts for approximately 0.2% of Verde Servicos Internacionais S.A.’s holdings, making the stock its 27th biggest position. Verde Servicos Internacionais S.A.’s holdings in StoneCo were worth $534,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Thrivent Financial for Lutherans grew its holdings in shares of StoneCo by 9.8% during the third quarter. Thrivent Financial for Lutherans now owns 19,877 shares of the company’s stock valued at $224,000 after purchasing an additional 1,773 shares during the last quarter. The Manufacturers Life Insurance Company increased its position in StoneCo by 1.5% in the second quarter. The Manufacturers Life Insurance Company now owns 123,275 shares of the company’s stock worth $1,478,000 after buying an additional 1,848 shares during the period. Atria Investments Inc lifted its stake in StoneCo by 19.0% in the third quarter. Atria Investments Inc now owns 20,258 shares of the company’s stock valued at $228,000 after buying an additional 3,241 shares during the last quarter. Koa Wealth Management LLC grew its position in shares of StoneCo by 2.1% during the third quarter. Koa Wealth Management LLC now owns 160,709 shares of the company’s stock worth $1,810,000 after acquiring an additional 3,289 shares during the last quarter. Finally, Covestor Ltd increased its holdings in shares of StoneCo by 40.9% in the 3rd quarter. Covestor Ltd now owns 13,350 shares of the company’s stock worth $150,000 after acquiring an additional 3,878 shares during the period. Institutional investors and hedge funds own 73.19% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on STNE. Cantor Fitzgerald upgraded shares of StoneCo to a “strong-buy” rating in a research report on Thursday, October 3rd. Citigroup restated a “neutral” rating and set a $9.00 price objective (down from $19.00) on shares of StoneCo in a research note on Thursday, January 16th. Barclays decreased their target price on shares of StoneCo from $13.00 to $12.00 and set an “equal weight” rating for the company in a research report on Monday, November 18th. Susquehanna reduced their price target on shares of StoneCo from $22.00 to $19.00 and set a “positive” rating for the company in a research note on Wednesday, November 13th. Finally, JPMorgan Chase & Co. cut their target price on StoneCo from $21.00 to $15.00 and set an “overweight” rating for the company in a research report on Monday, December 16th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $14.75.

StoneCo Stock Up 2.5 %

STNE stock opened at $8.91 on Tuesday. The company’s 50 day simple moving average is $8.78 and its 200-day simple moving average is $10.95. StoneCo Ltd. has a 52-week low of $7.72 and a 52-week high of $19.46. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.42 and a quick ratio of 1.42. The firm has a market capitalization of $2.75 billion, a P/E ratio of 6.96, a P/E/G ratio of 0.34 and a beta of 2.23.

StoneCo Profile

StoneCo Ltd. provides financial technology and software solutions to merchants and integrated partners to conduct electronic commerce across in-store, online, and mobile channels in Brazil. It distributes its solutions, principally through proprietary Stone Hubs, which offer hyper-local sales and services; and sells solutions to brick-and-mortar and digital merchants through sales team.